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HomeMy WebLinkAboutE-12 Staff Report - Tract 74154 Grading Surety Bond ReleaseCONSENT ITEM E-12 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL VIA: SERGIO GONZALEZ, CITY MANAGER FROM: ROBERT DELGADILLO, P.E., DIRECTOR OF PUBLIC WORKS/CITY ENGINEER DATE: JUNE 15, 2020 SUBJECT: RELEASE OF GRADING SURETY BONDS FOR TRACT 74154 IN THE ROSEDALE COMMUNITY BACKGROUND: The grading operations for Tract 74154, in the Rosedale Community, have been completed in accordance with the approved grading plans. The home builder is now seeking release of the posted Grading Surety Bond. The recommended actions approve the release of the Grading Surety Bond for Tract 74154, Lots 1-7. RECOMMENDATION: Staff recommends that the City Council take the following actions: 1)Release the Grading Surety Bond in the amount of $25,000 for Tract 74154, Lots 1-7 ANALYSIS: Tract 74154 pertains the Transit II neighborhood of the Rosedale Community, at the southwest corner of The Promenade and Citrus Ave, adjacent to the APU/Citrus College Gold Line Station. The Final Map, associated Public Improvements Agreement, and bond documents were approved by the City Council on May 15, 2017. On April 19, 2017, Rosedale Land Partners II, LLC posted a $25,000 Grading Surety Bond as required by Planning Commission’s Resolution No. 2016-14. All grading improvements required by the approved grading plans have been inspected and have been completed in accordance with applicable standards. In addition, LGC Geotechnical, Inc. has certified that Tract No. 74154 grading operations have been completed per recommendations set forth in the tract’s approved Geotechnical Report. APPROVED CITY COUNCIL 6/15/2020 Release of Grading Surety Bond for Tract 74154 June 15, 2020 Page 2 FISCAL IMPACT: The Public Improvements will now become the responsibility of the City. The fiscal impacts to maintain the improvements were addressed in the Fiscal Impact Study approved at the time of entitlement approval in 2003 Prepared by: Reviewed and Approved: Robert Delgadillo, P.E. Sergio Gonzalez Director of Public Works/City Engineer City Manager Attachment: 1. Tract 74154 Grading Surety bond 2. LGC Geotechnical, Inc. Certification Attachment 1 131 Calle Iglesia, Suite 200, San Clemente, CA 92672 (949) 369-6141 www.lgcgeotechnical.com Attachment 2